Notes to SEFA
Title: Note 3: Program Costs/Matching Contributions
Accounting Policies: This schedule is prepared on the same basis of accounting as the Toutle Lake School District's financial statements. The Toutle Lake School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Toutle Lake Schol district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of .0292%.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Toutle Lake School District's local matching share, may be more than shown. Such expenditures are recognized following, the costs principles contained in Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited to reimbursement.
Title: Note 4: Noncash awards
Accounting Policies: This schedule is prepared on the same basis of accounting as the Toutle Lake School District's financial statements. The Toutle Lake School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Toutle Lake Schol district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of .0292%.
The amount of commodities reported on the schedule is the value of commodities distributed by the Toutle Lake School District during the current year and priced as prescribed by USDA.
Title: Note 5: Transferability
Accounting Policies: This schedule is prepared on the same basis of accounting as the Toutle Lake School District's financial statements. The Toutle Lake School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Toutle Lake Schol district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of .0292%.
As allowed by federal regulations, the Toutle Lake School District elected to transfer program funds. The District expended $10,177 from its Title IV, Part A Student Support and Academic Enrichment State Grant (84.367) on allowable activities of the Title I, Part A Grants to Local Education Agencies (84.010). This amount is reflected in the expenditures of Title IV, Part A Student Support and Academic Enrichment State Grants (84.367).